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SpanishDAILY ANALYSIS REPORT JANUARY 07 2022
AUD / USD
| Commentary : The Aussie exhibits range bound movement and stabilizes below $0.7200 mark. Today pair made intraday high at $0.7177 and low at $0.7156 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $0.7190 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7150 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7190 | S1 | 0.7150 |
| R2 | 0.7226 | S2 | 0.7127 |
| R3 | 0.7250 | S3 | 0.7112 |
| R4 | 0.7272 | S4 | 0.7095 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.7190 | Sell Below : 0.7155 | ||
| – Take Profit : 0.7222 | – Take Profit : 0.7127 | ||
| – Stop Loss : 0.7165 | – Stop Loss : 0.7176 | ||
EUR / USD
| Commentary : The Euro moves in rigid boundaries ahead of German Factory Orders and Euro Zone’s Flash CPI results. The pair made intraday high at $1.1301 and low at $1.1290 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.1305 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1284 on H1 chart will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.1305 | S1 | 1.1284 |
| R2 | 1.1340 | S2 | 1.1262 |
| R3 | 1.1372 | S3 | 1.1250 |
| R4 | 1.1400 | S4 | 1.1237 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.1305 | Sell Below : 1.1283 | ||
| – Take Profit : 1.1330 | – Take Profit : 1.1255 | ||
| – Stop Loss : 1.1284 | – Stop Loss : 1.1305 | ||
GBP / USD
| Commentary : The sterling rises sharply on Friday and hovers around $1.3550 mark ahead of U.K.’s Constructions PMI data. Today pair made intraday high at $1.3553 and low at $1.3525 mark. A day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above $1.3560 on H1 chart will check key resistances. Alternatively, a consistent close below $1.3520 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.3555 | S1 | 1.3512 |
| R2 | 1.3576 | S2 | 1.3490 |
| R3 | 1.3594 | S3 | 1.3465 |
| R4 | 1.3618 | S4 | 1.3437 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.3560 | Sell Below : 1.3525 | ||
| – Take Profit : 1.3588 | – Take Profit : 1.3498 | ||
| – Stop Loss : 1.3538 | – Stop Loss : 1.3552 | ||
USD / CAD
| Commentary : The CAD trades marginally higher ahead of Canada’s Employment Change data and stabilizes above 1.2700 mark. Pair made intraday high at 1.2730 to 1.2706 mark. Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above 1.2730 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2700 on H1 chart will check key supports too. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2730 | S1 | 1.2700 |
| R2 | 1.2755 | S2 | 1.2682 |
| R3 | 1.2776 | S3 | 1.2655 |
| R4 | 1.2801 | S4 | 1.2630 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.2730 | Sell Below : 1.2699 | ||
| – Take Profit : 1.2755 | – Take Profit : 1.2660 | ||
| – Stop Loss : 1.2710 | – Stop Loss : 1.2727 | ||
USD / JPY
| Commentary : The Japanese yen starts a new day on a lower note as Average Cash earnings and household spending data miss the expectations. The pair made intraday high at 116.05 and low at 115.79 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 116.12 on H1 chart requires for the upside rally. Alternatively, a consistent close below 115.74 on H1 chart will check further key supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 116.22 | S1 | 115.74 |
| R2 | 116.48 | S2 | 115.55 |
| R3 | 116.67 | S3 | 115.30 |
| R4 | 116.94 | S4 | 115.02 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 116.05 | Sell Below : 115.76 | ||
| – Take Profit : 116.33 | – Take Profit : 115.50 | ||
| – Stop Loss : 115.80 | – Stop Loss : 115.98 | ||
GOLD
| Commentary : The gold fell sharply in previous session and touched $1,786 mark. Today pair made intraday high at $1,793 and low at $1,789 mark. A triple EMA on a day chart is up and H1 chart suggests down trend for the time being. A sustained close above $1,798 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,784 will check further supports. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1798 | S1 | 1784 |
| R2 | 1804 | S2 | 1778 |
| R3 | 1809 | S3 | 1772 |
| R4 | 1814 | S4 | 1767 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1798 | Sell Below : 1789 | ||
| – Take Profit : 1806 | – Take Profit : 1782 | ||
| – Stop Loss : 1792 | – Stop Loss : 1794 | ||
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